Security: First priority lien over (i) Issuer’s committed aeronautical and non-aeronautical revenues and the Trustee General Account, and (ii) Debt Payment Account and DSRA established for this issuance. UOP: Proceeds deposited in the CapEx account, net of fees and expenses and Debt Payment Account, DSCR and other reserve account funding. Settlement date T+5.

Underlying Notes may only be transferred as part of the Notes Units and will not trade separately until the earliest of: (i) an event of default under either of the underlying Notes (ii) a change of control under either of the underlying Notes (iii) a redemption in whole of either note , and (iv) the tender in whole or in part of the underlying Notes.UOP: Repay outstanding bridge, repay outstanding bridge loan and GCP, loan and GCP.

PIPELINE:

Colombia’s Banco de Bogota has hired banks to arrange investor meetings ahead of a potential subordinated bond sale. Banco de Bogota is expected to issue US$1bn through 10-year Tier 2 notes. Rated Ba2 by Moody’s and BBB by Fitch.

The bank has hired Credit Suisse, HSBC and JP Morgan to arrange meetings in London, New York, Los Angeles and Boston between May 3 and May 6.

The Province of Neuquen has started fixed-income investor meetings as it looks to market a US dollar 144A/RegS transaction through Deutsche Bank and JP Morgan.

The borrower wrapped up meetings in London on Wednesday. The offering of bonds, which will by backed gas royalties, is being done in conjunction with an exchange for outstanding 2021.

The Province of Chubut is preparing to sell an up to US$83m New York law bond due in 2023, according to Moody‘s, which assigned a B3 rating to the issue on Thursday.

The Province of Mendoza is looking to raise US$300m in both the local and international markets to refinance debt, according to local reports. (Reporting by Mike Gambale; editing by Shankar Ramakrishnan)